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In 2007, Bally Total Fitness filed for bankruptcy. Due to its financial situation, the company had to sell most of its locations to other companies, including L.A. Fitness, Blast Fitness and 24 Hour Fitness. The membership status of members of Bally Fitness locations that were purchased by another company varies, based on the company. The company's three remaining locations are in New York, New York.

One of the gyms offers both a basic and preferred membership. Features available only on the preferred membership are sauna access, free access to group classes and unlimited guest privileges. The guest privileges allow a member to bring one guest per visit. The other gyms only offer basic memberships, but they provide access to all amenities, classes and unlimited guest privileges. For access to every gym, a preferred all-clubs membership is available, which has preferred membership features at every club. Each gym has personal trainers available for members to hire. Members can pay monthly or yearly. Paying for one year or two year increments is less expensive than paying monthly.